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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

       Date of report (Date of earliest event reported): February 10, 2004

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                               VICAL INCORPORATED
               (Exact Name of Registrant as Specified in Charter)

        Delaware                    000-21088                   93-0948554
 (State or Jurisdiction      (Commission File Number)        (I.R.S. Employer
    of Incorporation)                                      Identification No.)

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            10390 Pacific Center Court
              San Diego, California                            92121-4340
     (Address of Principal Executive Offices)                  (Zip Code)

       Registrant's telephone number, including area code: (858) 646-1100

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ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On February 10, 2004, Vical Incorporated issued a press release announcing its
financial results for the quarter and year ended December 31, 2003. A copy of
the press release is attached as Exhibit 99.1 to this Current Report.

The information in this Current Report, and the exhibit attached hereto, is
being furnished and shall not be deemed "filed" for the purposes of Section 18
of the Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended, regardless of any
general incorporation language in such filing.


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    VICAL INCORPORATED

Date: February 10, 2004             By: /s/ MARTHA J. DEMSKI
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                                        Martha J. Demski
                                        Vice President, Chief Financial Officer,
                                        Treasurer and Secretary


Exhibit Index

Exhibit
Number      Description
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99.1        Press Release issued by Vical Incorporated on February 10, 2004